Ritz-Carlton to open first hotel in Mexico City

The Ritz-Carlton Hotel Company LLC recently scheduled their first hotel opening for their Mexico City location in 2019. The new Mexico City Ritz-Carlton will operate under a long-term management agreement with Thor Urbana Capital and Heldan Hotels & Resorts. The hotel will be part of the Chapultepec Uno mixed-use project, including 58 floors and 1.1 million square feet of space. Read More »

Marriott's Caribbean and Latin American business to increase in Brazil

Tim Sheldon, president of Caribbean and Latin America operations at Marriott International, on Tuesday announced an anticipated 75-percent increase in Marriott's Caribbean and Latin American distribution between 2015 and 2018; the expected increase includes a tripling of the company's presence in Brazil with the addition of at least 11 new hotels spread across the market. Read More »

Security infrastructure spending in Latin America creates opportunity

Latin American spending on security infrastructure in borders, ports, airports and prisons has increased in recent years as countries replace outdated equipment, a security expert told Latin Business Daily. The market for those products has expanded so that it may provide $500 million in sales over five years, Eduardo Parodi with Smiths Detection said in a telephone interview Friday. Read More »